The inability of the market mechanism to achieve a higher efficiency value is due, in part, to the incentive U-Type bidders have to strategically reduce their demands for the second block of spectrum.
But the whole market mechanism and its evolution is something that, I'm kind of of the Buffett School.
The move to such a free market mechanism comes during the presidential contest.
It is no good arguing that consumers are being unreasonable in boycotting the firm: Mr Mackey, who often celebrates the authority of the market as a mechanism for allowing people to vote with their money, knows as well as anyone that they are entitled to spend their hard-earned cash as they please.
Remember, the stock market is a discounting mechanism and as such, it looks (to me, anyway) that the market is looking ahead to brighter days.
Unlike the classical gold standard, there is no market feedback mechanism to bring the quantity of money in line with the demand for money while maintaining long-run price stability.
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Economic liberals argue that the market itself is the greatest price-discovery mechanism known to man.
Problems occur with corporate bond ETFs in a fast-moving market because the arbitrage mechanism starts breaking down.
They are an essential part of the market pricing and allocation mechanism.
The covering is a buy mechanism, which makes the market move higher, basically.
The decree said the government should pull out from matters that can be self-regulated by trade guilds and market mechanism, said the editorials.
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It was instrumental in designing the Clean Development Mechanism, which it is doing very nicely out of, and it fears that flooding the market for carbon credits with new supply from tropical forests would depress the price and destroy the mechanism.
There are points in an assets lifespan where the deception mechanism of that market will break, creating abundant wealth for those who ride the trend.
The stock market is meant to be a giant voting mechanism through which investors allocate their savings to the most worthy companies.
The inherent self-correcting mechanism that is our free market economy can fix a hole in the dike faster and more efficiently than directed change from government dictate.
Early last year another group of U.S. businesses, known as the U.S. Climate Action Partnership, also rallied around the creation of a market-based mechanism for lowering greenhouse gas emissions.
Granted, that is small beer, given that prices have trebled since the central London property market took off after Britain was ejected from the exchange-rate mechanism in 1992.
Using a market mechanism to pass on the true cost of fossil fuel usage, including the environmental damage here at home AND in the third world, and the longer term effects of greenhouse gas emissions and resulting climate change.
We have a market-based mechanism for determining the value of currencies.
If Washington agreed on a mechanism tomorrow, getting the spectrum into the market could take a decade.
The oil market is tight, but price is a wondrous mechanism, and rising prices have spurred investment.
No other company is close to market with a new drug that works by the same mechanism.
Thus we can see traders as the mechanism by which the information is processed by the market.
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The European Commission's recommendation came after last Friday's general meeting of the ICAO, which agreed to move towards a market-based mechanism for emissions trading.
The new commission is especially pernicious because it amounts to a politicized mechanism for unions to interfere in the U.S. labor market.
As such, the best financial approach for REDD would be a mechanism with two tracks: a market track serving as a mitigation option for developed countries, and a fund track serving as a mitigation option for developing countries.
The mechanism is deceptively simple, but it rapidly unlocked billions in value from a neglected market.
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At which point the problem reverts back to the previous problem facing any central bank trying to manage a fiat currency a problem the post-Bretton-Woods experience has revealed to be insoluble without a market-based link to a hard commodity like gold to reveal money demand through the price mechanism.
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There is no hard-and-fast decision rule or trigger mechanism to which he or she must adhere in deciding whether supply conditions in the oil market justify an intervention.
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If we are in a new bear market, as many suggest, then there will come a point in the trend where the deception mechanism breaks causing the downtrend to accelerate.
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